Franklin FTSE Japan ETF (NYSEARCA:FLJP) Stock Breaks Below Two Hundred Day Moving Average – Time to Sell?

Franklin FTSE Japan ETF (NYSEARCA:FLJP)’s stock price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $39.23 and traded as low as $37.74. Franklin FTSE Japan ETF shares last traded at $37.80, with a volume of 3,263,236 shares changing hands.

Franklin FTSE Japan ETF Stock Performance

The firm has a market capitalization of $4.04 billion, a P/E ratio of 14.28 and a beta of 0.73. The stock has a 50-day moving average of $40.97 and a 200 day moving average of $39.23.

Institutional Trading of Franklin FTSE Japan ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FLJP. Asset One Wealth Management LLC increased its holdings in shares of Franklin FTSE Japan ETF by 10.1% in the third quarter. Asset One Wealth Management LLC now owns 32,239 shares of the company’s stock valued at $1,335,000 after purchasing an additional 2,947 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in Franklin FTSE Japan ETF during the 3rd quarter worth $1,237,000. Arta Finance Wealth Management LLC lifted its holdings in Franklin FTSE Japan ETF by 8.2% during the 3rd quarter. Arta Finance Wealth Management LLC now owns 8,408 shares of the company’s stock worth $348,000 after buying an additional 637 shares in the last quarter. United Asset Strategies Inc. boosted its position in Franklin FTSE Japan ETF by 30.4% in the 3rd quarter. United Asset Strategies Inc. now owns 11,298 shares of the company’s stock valued at $468,000 after buying an additional 2,634 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC boosted its position in Franklin FTSE Japan ETF by 77.9% in the 3rd quarter. Financial Network Wealth Advisors LLC now owns 28,737 shares of the company’s stock valued at $1,190,000 after buying an additional 12,581 shares during the last quarter.

About Franklin FTSE Japan ETF

The Franklin FTSE Japan ETF (FLJP) is an exchange-traded fund that is based on the FTSE Japan RIC Capped index. The fund tracks a market-cap-selected and -weighted index of Japanese equities. FLJP was launched on Nov 2, 2017 and is managed by Franklin Templeton.